Binance has faced many years of criticism regarding its token listing and its impact on token prices after listing. In response to growing concerns, Binance co-founder He Yi recently acknowledged the issues surrounding prices surge after listing, revealing that the exchange is planning to change its listing policy.
Binance co-founder acknowledges the issue of a surge in token prices after listing
His Yi, co-founder of Binance, said in the X space session that Exchange should adjust listing rules based on market conditions and that the listed projects need to update information.
– Global (@coinnessgl) February 3, 2025
In a recent session on X (formerly Twitter), he discussed how Binance plans to change listing rules regarding market conditions. Currently, exchanges are at risk of facing warnings or further action if they fail to do so, so they need listed projects to update information regularly.
Related: Binance co-founder confident in Changpeng Zhao’s situation ahead of the verdict
The role of Binance in token airdrop
The platform uses a layer of barriers to isolate the listed tokens, but he pointed out that Binance’s involvement with token airdrops often serves as a market reference point. Airdrops can affect the price of the token. This has sparked concern among traders and analysts in the crypto sector.
In the same session, he shared insights into Binance’s internal compliance efforts and pointed to the exchange’s dedication to maintaining legal and ethical standards. Over the past two years, Binance has conducted over 120 internal investigations related to company policy violations. These investigations resulted in more than 60 employees being dismissed for fraud, recovering more than $30 million in illegal profits.
Additionally, Binance is coordinated with US law enforcement. He said the exchange is currently working closely with at least two US law enforcement officials, whose role is to ensure compliance and promote cooperation with authorities.
Related: See ACT Leads for 2247% Surges for the new Binance List
The future of YZI Labs and Binance
Binance also had the opportunity to clarify his relationship with YZI Labs, formerly known as Binance Labs. He explained that YZI Labs’ leadership has changed, with Ella Zhang leading the team and former Binance CEO Changpeng Zhao (CZ) directly managing its operations.
In addition to addressing these internal issues, he reiterated that Yi’s vinance values public surveillance and remains open to criticism.
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